A) Lloyd’s Syndicate 789 under the Appended Hull Insurance Terms for the claims of both Avalon GmbH (the owners of the ship “Sword”) and Merlin Bank Inc (the mortgagees of the ship “Sword”) for the loss of the ship “Sword”.
B) Camelot plc under the Appended Fraud Insurance Terms for the claims of Merlin Bank Inc for the loss of their security (i.e. the value of the ship “Sword”).
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